governor called on the managers of all banks to ensure the reliability of the clients and their eligibility for export to ensure the return of the export proceeds for the country not to lose millions of dollars, pointing to the experience of the companies which were recently prohibited.
Governor further added that efforts would continue via apolcies and direct monitoring to curb smuggling of golds operations.
Abdul-Gadir said that the CBOS
policy for the current year focused on the increase of production to increase exports to contribute to augment the foreign exchange proceeds to cover the gap resulting from the growing demand for the foreign currencies.
Abdul-Gadir said that the central bank would work to rationalize and control the demand for foreign exchange and build up confidence in the banking system, revealing that the CBOS
will coordinate with the relevant parties to fight smuggling of the country's resources, especially gold.
said that "The Sudanese banks have a diverse network of correspondents in the Arab region, Europe and Asia helping to facilitate the movement of transfers and foreign trade.
Khartoum, Jan 21 (SUNA) - The Department of Strategic Planning and Communication at the Central Bank of Sudan (CBOS
) is due to organize a symposium on the National Strategic Planning Wednesday under auspices of the CBOS
The former CBOS
governor stressed importance of reforming the revenue sources and cancellation of income tax and customs exemptions or at least their rationalization and control .
allowed circulation of the mutilated currency as before the issuance of the said brochures without any deduction of its value when it is replaced.
The initiative came from the Bank of Sudan in line with its policy aiming at expansion and spread of microfinance operations overall Sudan as well as to contribute to the capacity building of banks to provide microfinance service at the global pattern to the beneficiaries in accordance with the CBOS
strategic axes for the period (2012-2016).
Al-Zubair said in statement to SUNA that the act would assist the banks and the non-banking financial institutions in adoption of positive decisions for the interest of the two parties as it gives information about all clients alongside their financial positions and dealings in the banks and the financial institutionsThe CBOS
governor explained that any decision concerning clients' financing would be taken on the basis of information collected from them and their financial dealings, adding that the default cases of some clients in the previous period resulted from the lack of adequate informationBH/BHBack //